My friend loaned from a loan shark before and he was charged way more than he expected. He threatened a bunch of times yet, nothing bad happened to him. He is curious why the interest of loan sharks are larger than the usual loaners. Are they also in debt that they are charging other people with large amount to pay that?
I recommend the OCBC Plus! Visa Debit Card, for people who buys groceries at NTUC Fairprice (practically every Singaporean who’s not on RedMart). The OCBC Plus! Visa Debit Card offers a decent 4% rebate at NTUC FairPrice, Unity and Warehouse Club if you spend $200 outside of the “NTUC network” that month. If you spend $500, and your rebate goes up to 7%, you also get 3% link points when shopping on FaiPrice On. The downside is that the OCBC Plus! Visa Debit Card has an annual fee of $24. This is waived for the first year and subsequently takes $1,200 of spending per year (avg. $100 a month) to waive.
OCBC Plus! VISA Debit Card / Oversea-Chinese Banking Corporation
In my opinion, the SAFRA DBS debit card is simply the best debit card. NSF cardholders can get 2% cashback on all contactless payments and 1% on online shopping with no minimum spend. For everyone else, that is non-NSFs, the minimum spend to enjoy these bonus cashback rates is actually $400. But by and large this I believe is worth it in order to reap the full benefits with the card.
SAFRA DBS Debit Card / DBS Bank
The Maybank offers two debit cards, the Maybank Platinum Debit Card (Mastercard) and the Maybank Manchester United Platinum Visa Debit Card. Now for those of us, especially those who frequent Malaysia, the free Maybank Platinum Debit Card is pretty useful as it lets you withdraw cash from Maybank ATMs with no transaction fees. Bear in mind, however, that foreign exchange rates may apply.
Maybank Platinum Debit Card / Maybank Singapore
Enjoy exclusive Privileges at China Cultural Centre such as free access to over 17,000 arts and cultural books in the library of China Cultural Centre using the new BOC Chinese Cultural Debit Card. At the back of the card, you should find a barcode which allows you to have free access to the library services.For the first visit, you are required to bring along your BOC Chinese Cultural Debit Card with your NRIC/Passport to the library in China Cultural Centre for activation
BOC Chinese Cultural Debit Card / Bank of China
The HSBC debit cards have no annual fees and it offers overseas cash withdrawal with no transaction fee at HSBC ATMs. However, this is ONLY for HSBC Advance and Premier Account holders. If you do qualify, the good thing is that HSBC has a strong ATM network in countries like Hong Kong.This card also supports the NETS FlashPay function so you can top up and tap for public transport, you can also link it up with SimplyGo and can be used to withdraw cash from cash points like 7-11, Cold Storage, Guardian and ATMs with “atm5” symbol
HSBC Debit Card / HSBC Bank Singapore
With this card, you’ll be able to get cash rebates of up to 10% when you use your card to make purchases at participating merchants such as Cathay Cineplexes and Cold Storage.If you’re one for travelling and adventure, you can also enjoy up to 10% off on travel related bookings with participating merchants.There is no minimum income and annual fee required for this card.You only need to be 16 years or older with a UOB Savings Account or Current Account
UOB Direct VISA Debit Card / United Overseas Bank
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Most loan sharks have a lot of money due to their way of business. Other loan sharks are under by a much bigger company that also lend money. Even though being a loan shark is illegal, they still continue to do this business. They usually do this illegal stuffs to pay their debts. So even though they are doing illegal things, they are doing it to pay other people.